Projects in Circular Economy

Westenergy’s strategic aim is to promote the development of circular economy.

 

 

OUR VISION: CARBON-NEUTRAL ENERGY PRODUCTION

Westenergy Ltd, CPC Finland Oy and Prime Capital AG have signed an agreement on developing, constructing and operating  a full-scale carbon capture unit. Once built, the plant will be one of the first of this scale. The carbon capture unit will reduce the carbon footprint of the existing waste-to-energy plant significantly, while providing Koppö Energia’s large-scale power-to-x project in Kristiinankaupunki, jointly owned by CPC and Prime Capital, with a reliable supply of CO2 for the production of carbon-neutral synthetic gas. The project will make a strong contribution to sustainable development and circular economy in Finland, by allowing the re-utilization of CO2 that would have otherwise been emitted.

The Ministry of Economic Affairs and Employment has announced their decision to support the project by granting energy investment aid for the project. The grant will amount to EUR 20 million.

Once in operation, the unit will be able to capture practically all Westenergy’s carbon dioxide. Out of this, ca. 150,000 tons of liquid CO2 per annum is destined for synthetic fuel production. This is equivalent to the annual carbon emissions of more than 20,000 persons. Additionally, around 30,000 tons per annum is estimated to be utilized by Westenergy for the manufacture of products permanently storing carbon dioxide, further accelerating the development of a new carbon recycling industry in the region.

Sustainability and decarbonization are at the forefront of Westenergy´s strategic agenda and form a major focus area also for the owner companies and business partners as well as the entire Vaasa region. The state-of-the-art carbon capture unit will make Westenergy’s waste-to-energy plant one of the most modern plants of this type in the world.

The project planning has proceeded well, and the operation is expected to start in 2026.

 

OUR VISION: LEADER IN MATERIAL UTILISATION

Westenergy lives in the intersection of material flows and has already successfully carried out the circular economy approach, for instance, in the utilisation of the plant’s ashes. Developing the ecosystems of circular economy further is, therefore, a natural strategic choice for us.

Westenergy’s resources can be used to create a network of companies where ideas, products and materials circulate. In the project managed by VEBIC and financed by Business Finland, a road map for identifying the needs of a growing circular economy ecosystem is created. Moreover, the best possibilities for new export innovations are recognised in the road map. The project works as a frame for future circular economy companies that can build growth and create jobs within material efficiency. In this way we can make sure that our value chains meet the needs of the 2020 society, and we can keep our value promise to the owners also in the future.

 

OUR VISION: BIOGAS-DRIVEN LOGISTICS

We want to promote the production and use of biogas and help build supply networks in our operation area. Our goal is to create the prerequisites for biogas-driven logistics that uses domestic emission-free energy instead of fossil fuels. Interestingly, when the role of biogas is strengthened, it can be possible to use it also as auxiliary fuel in our plant.

The project, financed by Regional Council of Ostrobothnia, is carried out in co-operation with, for instance, Stormossen, Wasaline and Wärtsilä. The project’s aim is to solve those technical-economic problems that hinder the large-scale adoption of biogas as transport fuel. The project is launched in spring 2020.

 

Our aim is carbon-neutral energy production by 2030.